Versant Capital Management Inc Has $145,000 Holdings in CoreCivic, Inc. $CXW

Versant Capital Management Inc decreased its position in shares of CoreCivic, Inc. (NYSE:CXW) by 94.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,773 shares of the real estate investment trust’s stock after selling 81,307 shares during the quarter. Versant Capital Management Inc’s holdings in CoreCivic were worth $145,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CXW. Royal Bank of Canada raised its position in shares of CoreCivic by 49.2% in the 1st quarter. Royal Bank of Canada now owns 59,523 shares of the real estate investment trust’s stock valued at $1,207,000 after buying an additional 19,630 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of CoreCivic by 69.8% during the 1st quarter. AQR Capital Management LLC now owns 28,120 shares of the real estate investment trust’s stock worth $571,000 after acquiring an additional 11,557 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of CoreCivic by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,828 shares of the real estate investment trust’s stock worth $1,315,000 after acquiring an additional 2,828 shares in the last quarter. Jones Financial Companies Lllp increased its stake in CoreCivic by 3,884.2% in the first quarter. Jones Financial Companies Lllp now owns 18,885 shares of the real estate investment trust’s stock valued at $383,000 after acquiring an additional 18,411 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in CoreCivic by 2.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,467 shares of the real estate investment trust’s stock valued at $4,473,000 after acquiring an additional 4,977 shares during the last quarter. 85.13% of the stock is currently owned by institutional investors and hedge funds.

CoreCivic Stock Up 0.3%

Shares of NYSE:CXW opened at $32.33 on Friday. The company has a fifty day moving average of $29.22 and a 200-day moving average of $22.91. The company has a market capitalization of $3.20 billion, a PE ratio of 25.86 and a beta of 0.58. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.44 and a current ratio of 1.32. CoreCivic, Inc. has a 52-week low of $15.73 and a 52-week high of $34.00.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group set a $35.00 target price on CoreCivic in a report on Tuesday, July 7th. Northland Securities set a $40.00 price target on CoreCivic in a report on Friday, June 26th. JonesTrading restated a “buy” rating and set a $30.00 price objective on shares of CoreCivic in a research report on Wednesday. Noble Financial lifted their target price on CoreCivic from $28.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, July 7th. Finally, Benchmark boosted their target price on CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, CoreCivic presently has a consensus rating of “Buy” and a consensus target price of $37.00.

CoreCivic Profile

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.